TN SB2694 | 2023-2024 | 113th General Assembly

Status

Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on January 31 2024 - 25% progression, died in committee
Action: 2024-04-19 - Placed on Senate Finance, Ways, and Means Committee calendar for 4/23/2024
Pending: Senate Finance, Ways and Means Committee
Text: Latest bill text (Draft #1) [PDF]

Summary

As introduced, retroactively allows employers to take a deduction from net earnings for state excise tax filing purposes, in the amount of expenses, including wages and compensation, associated with their employee retention credit allowable on their federal payroll tax return. - Amends TCA Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21.

Tracking Information

Register now for our free OneVote public service or GAITS Pro trial account and you can begin tracking this and other legislation, all driven by the real-time data of the LegiScan API. Providing tools allowing you to research pending legislation, stay informed with email alerts, content feeds, and share dynamic reports. Use our new PolitiCorps to join with friends and collegaues to monitor & discuss bills through the process.

Monitor Legislation or view this same bill number from multiple sessions or take advantage of our national legislative search.

Title

AN ACT to amend Tennessee Code Annotated, Title 67, Chapter 4, Part 20 and Title 67, Chapter 4, Part 21, relative to taxation of federal employee retention credits.

Sponsors


History

DateChamberAction
2024-04-19SenatePlaced on Senate Finance, Ways, and Means Committee calendar for 4/23/2024
2024-04-11SenatePlaced on Senate Finance, Ways, and Means Committee calendar for 4/15/2024
2024-03-12SenateRefer to Senate Finance, Ways & Means Committee w/ negative recommendation
2024-03-05SenatePlaced on Senate FW&M Revenue Subcommittee calendar for 3/12/2024
2024-03-05SenateAction deferred in Senate FW&M Revenue Subcommittee to 3/12/2024
2024-02-27SenatePlaced on Senate FW&M Revenue Subcommittee calendar for 3/5/2024
2024-02-20SenateRefer to Senate F,W&M Revenue Subcommittee
2024-02-05SenatePassed on Second Consideration, refer to Senate Finance, Ways, and Means Committee
2024-02-01SenateIntroduced, Passed on First Consideration
2024-01-31SenateFiled for introduction

Same As/Similar To

HB2134 (Crossfiled) 2024-01-31 - Assigned to s/c Finance, Ways, and Means Subcommittee

Subjects


Tennessee State Sources


Bill Comments

feedback